Shortly a few examples of the impact that Corona Virus had on the global economy.

• Victoria Secret announced bankruptcy of the UK segment
• ZARA closed 1200 stores worldwide
• La Chapelle shut down 4391 stores
• Chanel stopped production
• Hermes closed
• Patek Philippe ceases production
• Rolex too
• The world industry of luxury has shrunk 
• Nike has $23 billion in debt. The second round of dismissal is around the corner
• Gold's Gym applied for bankruptcy
• Brooks Brothers - bankrupt. 200 stores closed. The brand is over 200 years old
• Bed Bath & Beyond closed 200 stores
• J. Crew is bankrupt
• Ann Taylor and Lane Bryant closed 1200 stores
• GNC will close 1200 out of 5400 stores
• Neiman Marcus - bankrupt
• Macy's is cutting down 3900 employees from the front office
• JC Penney is bankrupt, closing 150 out of 850 stores
• The founder of Airbnb said that due to the pandemic 12 years of hard work were wasted during the 6 weeks
• Starbucks announced the permanent closure of 400 cafes
• WeWork is also not in the best situation
• Herz, the largest car rental is bankrupt
• Comcar, transporter with 4000 trucks is also bankrupt